The founder of Telegram, the messaging App, has come out to disclose that the company is set to launch pay-for services. The reason behind this new decision is, the company requires a few hundred million dollars to continue operating annually.
“Telegram will begin to generate revenue, starting next year,” Durov said in a statement.”
“We will be able to launch countless new features and welcome billions of new users.”
The 36 year old founder who goes by the name Pavel Durov said he never planned on selling the company off, which is why he sort out other means to keep the company functional.
The messaging App was launched in 2013 by Pavel and his brother Nikolai and it currently has over 500 million users. The App is very popular in Iran and the former Soviet Union.
“For most of Telegram’s history, I paid for the expenses of the company from my personal savings,” Durov said.
“However, with its current growth Telegram is on track to reach billions of users and to require appropriate funding.”